Globe rings up P1.56B from towers sale

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8 months ago

MANILA, Philippines — Globe Telecom Inc. received a total of P1.56 billion from the latest turnover of tower assets to Frontier Tower Associates Philippines and Inc. and Unity Digital Infrastructure under their sale and lease back deals, injecting additional financing for its capital expenditures. On Tuesday, the Ayala-led company announced that 91 towers were transferred

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